NEW YORK–(BUSINESS WIRE)–
Fitch Ratings has assigned the following ratings and Rating Outlooks to Fannie Mae’s risk transfer transaction, Connecticut Avenue Securities, series 2016-C05:
–$385,709,000 class 2M-1 notes ‘BBB-sf’; Outlook Stable;
–$257,139,000 class 2M-2A exchangeable notes ‘BB+sf’; Outlook Stable;
–$459,178,000 class 2M-2B exchangeable notes ‘B’; Outlook Stable;
–$716,317,000 class 2M-2 notes ‘Bsf’; Outlook Stable;
–$257,139,000 class 2M-2F exchangeable notes ‘BB+sf’; Outlook Stable;
–$257,139,000 class 2M-2I exchangeable notional notes ‘BB+sf’; Outlook Stable.
The following classes are not rated by Fitch:
–$37,120,941,838 class 2A-H reference tranche;
–$20,301,302 class 2M-1H reference tranche;
–$13,534,534 cl…
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